In the first half of 2016, investors in Europe have poured in $5.7bn (€5.1bn) into smart beta funds as market capitalisation index trackers saw outflows over the period, according to Morningstar data analysed by ETF provider WisdomTree Europe. Brexit could be one of the reasons for the switch.

An Australian financial planner is suing his former employer Westpac Institutional Bank for A$800,000 ($591,704, £444,479) on the grounds that his colleagues gave him bad advice about investing in structured financial products.

MCB Capital Markets, the investment banking arm of the MCB Group in Mauritius, and ZyFin have launched an exchange traded fund which will provide international investors with access to the Indian sovereign bond market.

BlackRock has launched an exchange traded fund for European investors to invest directly in the national Israeli index. It is the first fund to offer direct exposure to the underlying constituents of this index.

Cayman Islands has introduced limited liability company (LLC) legislation that combines the key features of a company and a partnership, intended to increase the structuring options for US investment funds.

Structured notes continue to remain a popular alternative investment among offshore investors, although it remains increasingly difficult to decide between which ones to choose given the complexity of how they can be constructed, says Harpreet Sajjan, managing director of S7 Capital Management.

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